• Section: Small Business Loans
  • Last updated: May 8, 2020, 4:15 p.m.

What information will I need to apply for the PPP?

Paycheck Protection Program

What information will I need to apply for the PPP?

Copies of your business’s IRS Form 941 for all four quarters of 2019

The dollar amounts included in the 2019 Forms 941 that are attributable to:

  • An individual employee’s wages over $100,000 annually
  • An employee’s compensation whose principal place of residence is outside the U.S.

2019 and 2020 payroll ledgers that show payroll costs by employee:

  • Salary, wages, commission, and tips
  • Vacation, parental, family, medical, or sick leave
  • Group healthcare benefits
  • Stat or local taxes on employee compensation

    • Do NOT include the following in your payroll costs:

      • FICA tax (Social Security and Medicare taxes)
      • An employee’s compensation amount over $100,000 per year
      • An employee’s compensation if their principal place of residence it outside the U.S.

      *This is not intended as legal advice; for more information, please consult with your accountant or an accounting professional"